Browsing School of Pure and Applied Sciences by Author "Ayorinde, Ogunyiola J."

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    • Estimating Dependence Structure and Risk of Financial Market Crash 

      Ayorinde, Ogunyiola J.; Mwita, Peter N.; Njenga, Carolyn N. (Canadian Center of Science and Education, 2016-10)
      In this paper, we estimate the dependence structure between international stock markets using copulas. Different relationships that exist in normal and extreme periods were estimated using Clayton copula. The Inference ...